Mar
26
2010
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Making Money In Any Market, Niche YOU Want To Make Money In!

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There is SO MUCH TRAFFIC WAITING FOR YOU In Any Market, Niche !
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Your MONEY Formula:
[Traffic] x [Conversion rate] x [$ per customer] x [# of transactions] = Your Paycheck

I didn’t invent the above formula, it is a modification on a formula I read in a book by Brad Sugars about 10 years ago and it is true for all businesses, including offline ones.

I’ll give you an example of how this formula is calculated in affiliate marketing terms:
Let’s say you own an affiliate website that promotes dog training products. Traffic = 2000 visitors per day Conversion rate = 0.37% (ie 1 in every 270 visitors to your website buys something) $ per customer = $24.37 (ie the average commission you earn is $24.37) # of transactions = 1.4 (ie customers usually buy 1 product from you, but some people opt into your mailing list and buy more products from you in the long run). Therefore the amount you make from this website per day =
2000 x 0.37% x 24.37 x 1.4 = $252.47/day

Question: That’s pretty obvious, why is that formula so important?

Answer: It may be obvious to some, but not to everyone. Also most people wind up having problems in one or more of those 4 major areas and if you don’t pay attention it is easy to have holes in your marketing that you don’t even see.

Bottom line is, you need to know your numbers when it comes to each of those 4 areas, particularly traffic and conversion rates.Also, by keeping this formula in mind at all times in your marketing you can help prevent yourself becoming too heavily focused on any one of those 4 areas.

Here are a few examples:
Someone might own a website that gets 1000 visitors per day, but makes no sales. The things that I advise are to do with conversion rates:

1. Look at where the traffic is coming from… is it relevant? Are you advertising using pop-ups on irrelevant websites? Are you optimizing for search engine keywords that are just not relevant enough for the product you are promoting?
2. Look at the pages that are getting the most traffic and how people are getting there. What keywords are they typing in? What are they thinking and are your affiliate links placed in an obvious enough manner? Do they look credible? Is the product you are promoting credible?

Question: Do people really buy online?
Answer: Making money online is not rocket science, and it is not done by scamming people. Hundreds of millions of people buy online every day because they are looking for information and/or specific products and buying online makes it easier for them than having to leave their houses or towns. Many people live in small towns and can’t get fast access to products in physical locations anyway.

Also, some people are more affluent than others too. If you get 100 visitors per day to your website,chances are at least 5% of them will earn over 100k per year, and a decent lot more will earn over 50k per year.You only need to convert at 1% or even less to make a good amount of money from a website. You yourself have probably bought something online before, if not, perhaps you know people who have.

The formula for a successful money finder home based business is dedication and smart searching. Get your eye on the goal and don’t stray until you finally reach the finish line don’t ever give up!!!

There is SO MUCH TRAFFIC WAITING FOR YOU In Any Market, Niche !

Take some time now and THINK about it! Then? JUST DO IT!

Share and Enjoy:Thought it might interest you.

Warmly,
Rob

Robscashcreators.com Keeping your dreams alive and burning,

Need Traffic? Check This Out!

    Have a Fantastic Life.

My Zimbio

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